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October 3, 2008
Strong poised to grow stronger as platinum industry mulls consolidation
On the one hand, National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum-mining company, and on the other an acquisitive Impala Platinum and an emerging Xstrata Resources are both keen to grow as share valuations decline and the platinum price stutters.
Far-seeing Xstrata made a perfectly timed bid for Lonmin on the day that Lonmin's share price hit a 12-month low, and Impala turned smartly on Mvelaphanda Resources.
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Posted by StaffWriter at October 3, 2008 7:37 AM